Mohawk Industries, Inc. (NYSE:MHK) Given Average Recommendation of “Hold” by Analysts

Shares of Mohawk Industries, Inc. (NYSE:MHK) have earned a consensus rating of “Hold” from the sixteen research firms that are currently covering the company, MarketBeat Ratings reports. Twelve equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $130.50.

MHK has been the topic of a number of analyst reports. Wall Street Zen raised shares of Mohawk Industries from a “hold” rating to a “buy” rating in a report on Sunday, June 21st. Robert W. Baird boosted their price target on shares of Mohawk Industries from $112.00 to $132.00 and gave the company a “neutral” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $121.00 price objective on shares of Mohawk Industries in a research note on Tuesday, August 4th. Zacks Research upgraded Mohawk Industries from a “strong sell” rating to a “hold” rating in a research report on Friday, June 19th. Finally, Barclays raised their price target on Mohawk Industries from $109.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, August 3rd.

Mohawk Industries Stock Up 2.1%

Shares of NYSE MHK opened at $126.84 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.92 and a debt-to-equity ratio of 0.14. The company has a market cap of $8.59 billion, a P/E ratio of 16.80, a P/E/G ratio of 1.83 and a beta of 1.18. Mohawk Industries has a 52 week low of $92.99 and a 52 week high of $140.30. The business has a 50-day simple moving average of $124.70 and a two-hundred day simple moving average of $112.91.

Mohawk Industries (NYSE:MHK) last announced its quarterly earnings results on Thursday, July 30th. The company reported $3.67 earnings per share for the quarter, beating the consensus estimate of $2.58 by $1.09. Mohawk Industries had a return on equity of 7.50% and a net margin of 4.15%.The firm had revenue of $2.99 billion for the quarter, compared to analysts’ expectations of $2.79 billion. During the same period in the prior year, the business posted $2.77 earnings per share. The company’s revenue was up 6.8% on a year-over-year basis. Mohawk Industries has set its Q3 2026 guidance at 2.380-2.480 EPS. Research analysts anticipate that Mohawk Industries will post 9.9 earnings per share for the current fiscal year.

Insider Activity at Mohawk Industries

In other Mohawk Industries news, CEO Jeffrey Lorberbaum sold 53,314 shares of Mohawk Industries stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $131.57, for a total transaction of $7,014,522.98. Following the completion of the sale, the chief executive officer directly owned 10,000 shares in the company, valued at $1,315,700. The trade was a 84.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO David Repp sold 225 shares of the business’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $130.59, for a total transaction of $29,382.75. Following the completion of the transaction, the chief accounting officer directly owned 1,786 shares of the company’s stock, valued at approximately $233,233.74. This represents a 11.19% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 110,686 shares of company stock valued at $14,048,438. Company insiders own 17.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in MHK. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Mohawk Industries in the 2nd quarter worth about $25,000. Basecamp Wealth Advisors LLC raised its holdings in shares of Mohawk Industries by 2,281.8% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 262 shares of the company’s stock valued at $26,000 after buying an additional 251 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in shares of Mohawk Industries by 122.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 220 shares of the company’s stock valued at $27,000 after buying an additional 121 shares in the last quarter. Global Retirement Partners LLC lifted its position in Mohawk Industries by 950.0% in the 4th quarter. Global Retirement Partners LLC now owns 252 shares of the company’s stock worth $28,000 after buying an additional 228 shares during the last quarter. Finally, Transamerica Financial Advisors LLC boosted its stake in Mohawk Industries by 216.1% in the fourth quarter. Transamerica Financial Advisors LLC now owns 275 shares of the company’s stock worth $30,000 after buying an additional 188 shares in the last quarter. Institutional investors own 78.98% of the company’s stock.

About Mohawk Industries

Mohawk Industries, Inc is a global manufacturer and distributor of flooring products. The company serves residential and commercial customers through a broad portfolio that includes carpet, rugs, ceramic and porcelain tile, laminate, hardwood, luxury vinyl tile and other resilient flooring products.

Mohawk markets its products under brands that include Mohawk, Karastan, Pergo, Quick-Step, Marazzi, Daltile, American Olean, IVC and Durkan. Its products are sold through home improvement retailers, independent flooring dealers, distributors, builders, commercial contractors and other channels.

The company was formed in 1988 through the merger of Mohasco Corporation and Aladdin Mills and is headquartered in Calhoun, Georgia.